Segment Reporting

(In Thousands)

The operations of the Company’s reportable segments are described as follows:


•	The Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, asset-based lending and equipment leasing, as well as safe deposit and night depository facilities.


•	The Insurance segment includes a full service insurance agency offering all major lines of commercial and personal insurance through major carriers.


•	The Wealth Management segment offers a broad range of fiduciary services which include the administration and management of trust accounts including personal and corporate benefit accounts, self-directed IRAs, and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third party broker-dealer.

In order to give the Company’s divisional management a more precise indication of the income and expenses they can control, the results of operations for the Community Banks, the Insurance and the Wealth Management segments reflect the direct revenues and expenses of each respective segment. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations which are necessary for purposes of reconciling to the consolidated amounts.

The following table provides financial information for the Company’s operating segments as of and for the periods presented:



	Community Banks		Insurance		Wealth Management		Other			Consolidated
Three months ended September 30, 2018
Net interest income (loss)	$	101,970	$	124	$	324	$	(2,979	)	$	99,439
Provision for loan losses	2,250		—		—		—			2,250
Noninterest income	32,140		2,488		3,641		(216		)	38,053
Noninterest expense	89,370		1,899		3,284		193			94,746
Income (loss) before income taxes	42,490		713		681		(3,388		)	40,496
Income tax expense (benefit)	9,226		186		—		(880		)	8,532
Net income (loss)	$	33,264	$	527	$	681	$	(2,508	)	$	31,964

Total assets	$	12,634,614	$	25,236	$	62,502	$	24,587		$	12,746,939
Goodwill	$	924,494	$	2,767	—		—			$	927,261

Three months ended September 30, 2017
Net interest income (loss)	$	92,007	$	114	$	564	$	(2,668	)	$	90,017
Provision for loan losses	2,150		—		—		—			2,150
Noninterest income	28,120		2,394		3,213		(314		)	33,413
Noninterest expense	75,681		1,805		2,887		287			80,660
Income (loss) before income taxes	42,296		703		890		(3,269		)	40,620
Income tax expense (benefit)	15,199		275		—		(1,275		)	14,199
Net income (loss)	$	27,097	$	428	$	890	$	(1,994	)	$	26,421

Total assets	$	10,216,826	$	25,729	$	59,703	$	21,429		$	10,323,687
Goodwill	$	608,279	$	2,767	—		—			$	611,046




	Community Banks		Insurance		Wealth Management		Other			Consolidated
Nine months ended September 30, 2018
Net interest income (loss)	$	288,073	$	348	$	952	$	(8,305	)	$	281,068
Provision for loan losses	5,810		—		—		—			5,810
Noninterest income (loss)	90,007		7,408		10,882		(710		)	107,587
Noninterest expense	235,631		5,449		9,889		747			251,716
Income (loss) before income taxes	136,639		2,307		1,945		(9,762		)	131,129
Income tax expense (benefit)	30,558		599		—		(2,528		)	28,629
Net income (loss)	$	106,081	$	1,708	$	1,945	$	(7,234	)	$	102,500

Total assets	$	12,634,614	$	25,236	$	62,502	$	24,587		$	12,746,939
Goodwill	$	924,494	$	2,767	—		—			$	927,261

Nine months ended September 30, 2017
Net interest income (loss)	$	249,355	$	330	$	1,575	$	(7,625	)	$	243,635
Provision for loan losses	5,400		—		—		—			5,400
Noninterest income	83,290		7,207		9,599		(397		)	99,699
Noninterest expense	209,920		5,263		8,788		839			224,810
Income (loss) before income taxes	117,325		2,274		2,386		(8,861		)	113,124
Income tax expense (benefit)	40,021		888		—		(3,462		)	37,447
Net income (loss)	$	77,304	$	1,386	$	2,386	$	(5,399	)	$	75,677

Total assets	$	10,216,826	$	25,729	$	59,703	$	21,429		$	10,323,687
Goodwill	$	608,279	$	2,767	—		—			$	611,046